Ryan P. Taylor - Mar 3, 2022 Form 4 Insider Report for Reservoir Media, Inc. (RSVR)

Signature
/s/ Golnar Khosrowshahi, as attorney-in-fact for Ryan P. Taylor
Stock symbol
RSVR
Transactions as of
Mar 3, 2022
Transactions value $
$439,369
Form type
4
Date filed
3/7/2022, 03:55 PM
Previous filing
Feb 28, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSVR Common Stock, $0.0001 par value Purchase $56.5K +7.62K +11.9% $7.42 71.6K Mar 3, 2022 By Richmond Hill Capital Partners, LP F1, F2
transaction RSVR Common Stock, $0.0001 par value Purchase $75.3K +10.1K +14.15% $7.43 81.7K Mar 4, 2022 By Richmond Hill Capital Partners, LP F2, F3
transaction RSVR Common Stock, $0.0001 par value Purchase $132K +17.8K +11.9% $7.42 167K Mar 3, 2022 By Essex Equity Joint Investment Vehicle, LLC F4, F5
transaction RSVR Common Stock, $0.0001 par value Purchase $176K +23.6K +14.15% $7.43 191K Mar 4, 2022 By Essex Equity Joint Investment Vehicle, LLC F5, F6
holding RSVR Common Stock, $0.0001 par value 13.6M Mar 3, 2022 By ER Reservoir LLC F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 7,615 shares of common stock, par value $0.0001 per share (the "Shares"), of Reservoir Media, Inc. (the "Issuer") reported on this Form 4 were purchased in multiple trades at prices ranging from $7.26 to $7.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.
F2 The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). Ryan P. Taylor is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the Shares owned by RHCP. Mr. Taylor disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this Report shall not be deemed an admission of beneficial ownership of the reported Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
F3 The 10,134 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $7.40 to $7.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.
F4 The 17,770 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $7.26 to $7.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.
F5 The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). Ryan P. Taylor owns an equity interest in an entity that may be deemed to have a pecuniary interest in the Shares owned by EEJIV and therefore may be deemed to be a beneficial owner of the Shares owned by EEJIV. Mr. Taylor disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this Report shall not be deemed an admission of beneficial ownership of the reported Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
F6 The 23,646 Shares reported on this Form 4 were purchased in multiple trades at prices ranging from $7.40 to $7.50 per Share. The price reported above reflects the weighted average purchase price per Share. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of Shares purchased and prices at which the transactions were effected.
F7 The amount of securities shown in this row is owned directly by ER Reservoir LLC (the "Fund"). Ryan P. Taylor is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the Shares owned by the Fund. The Fund received these securities in connection with the agreement and plan of merger, dated as of April 14, 2021, by and among Reservoir Media, Inc. (formerly known as Roth CH Acquisition II Co. ("RMI")), Roth CH II Merger Sub Corp. ("Merger Sub") and Reservoir Holdings, Inc. ("Reservoir"), pursuant to which Merger Sub merged with and into Reservoir, with Reservoir surviving the merger as a wholly-owned subsidiary of RMI (the "Business Combination"). (Con't in FN 1)
F8 (Con't from FN 2) The Fund received these Shares as consideration for the Business Combination. Mr. Taylor disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the Shares in this Report shall not be deemed an admission of beneficial ownership of the reported Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.

Remarks:

May Be Deemed Member of 10% Owner Group